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Tuesday, August 30, 2011

How I Timed USD/CHF


August 9 was the crucial time for USD CHF short side. I was short on these since June 2011.
Last August 9, (maybe was lucky) I saw massive buying in 1 minute, 1 hour, in which it has not happen before. It means, it time to get busy. ( Like the DJIA 1 minute chart which I posted before)

When, up trend was confirmed, I was long USD CHF during the sideway period last August 15 and bought additional long positions yesterday until I have no more funds left. Oh my, what a gambler.

That is an immediate signal. All during the progress of the move it had nothing but natural and normal reactions. Then all of a sudden and abnormal reaction occurs-and by “abnormal” I mean a reaction in one day of six or more points from extreme price made in that same day-something it has not done before, and when something happens abnormally stock market wise, it is a flashing you a danger signal which must not be ignored. Livermore



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